Bristol-Myers Executive Charged With Insider Trading

By

Jean Eaglesham And

Peter Loftus

Updated Aug. 2, 2012 4:33 p.m. ET

A Bristol-Myers Squibb Co. executive who allegedly read a blog post called "Ways to Avoid Insider Trading" on his work computer was arrested on charges of making more than $300,000 in illegal profits on secrets about the drug maker's acquisition targets.

The U.S. Attorney's Office in New Jersey said 45-year-old Robert Ramnarine, whose duties at Bristol-Myers included sizing up potential takeovers, engaged in insider trading by buying and selling options in three companies from August 2010 to June 2012. Mr....